```
REGISTERED CHARITY NUMBER: 293090
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`FOR`**
## **`SEAFORD COMMUNITY CHURCH`**
```
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
```
```
SEAFORD COMMUNITY CHURCH
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`**
**----- Start of picture text -----**
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 14
**----- End of picture text -----**
```
SEAFORD COMMUNITY CHURCH
```
```
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
|**`TRUSTEES`**|`Mr H W Bardsley Chair`|
|---|---|
||`Mr M Woodgate`|
||`Mr S Bradford`|
|**`PRINCIPAL ADDRESS`**|`115-117 Vale Road`|
||`Seaford`|
||`East Sussex`|
||`BN25 3HB`|
|**`REGISTERED CHARITY`**|`293090`|
|**`NUMBER`**||
|**`INDEPENDENT EXAMINER`**|`Gibbons Mannington & Phipps LLP`|
||`Chartered Accountants`|
||`Landgate Chambers`|
||`24 Landgate`|
||`Rye`|
||`East Sussex`|
||`TN31 7LJ`|
|**`BANKERS`**|`NatWest Bank`|
||`96 Terminus Road`|
||`Eastbourne`|
||`East Sussex`|
||`BN2 3LY`|
```
Page 1
```
```
SEAFORD COMMUNITY CHURCH
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
```
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2024.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
TheobjectistorecruitotherstothepurposesandgoalsoftheChurchnamelytobecomean active
memberoftheChurchwhocarriesouttheministryofJesusChristparticularlytherecruitingand training
ofothersasHisdisciplesinintroducingthemtoHiminpersonandtrainingtheminthevaluesof the
Church with a view to the ongoing multiplication of His followers.
```
## **`Public benefit`**
```
TheTrusteesconfirmthattheyhavedueregardfortheCharitiesCommission'sgeneralguidance on
public benefit.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Charitable activities`**
```
ResourcesweredirectedintotheadvancementoftheChristianfaithbothintheUnitedKingdom and
overseasandgiftsweremadetobothindividualsandinstitutionsforthispurpose.A significant
investmentwasmadeintheareaofChristiantrainingforthepurposeofachievingtheobjectiveof the
charity.
```
```
In2024thetrustcontinuedinitsongoingvisionandmissiontobeafunctioningbodyofChristians who
releasetheloveofGodinthepoweranddemonstrationoftheHolySpiritthroughthespiritual gifts
appointedtoeachone.Equippingandtrainingeachpersontoknowforthemselvestheiridentityas God's
childandoutofthatsecurityserveaccordingtotheirownmeasureofgraceandfaithcontinued. Walking
indaytodaylifewiththeHolySpiritcontinuedtogrowandwecontinuedtotakethemessageof the
Father'sloveandouridentity,purposeandcallingasGod'schildrentoourowncountyof Sussex,
especially Hastings, and into the Ukraine through online training, fellowship and financial support.
```
```
SeahavenStorehouse,ourcommunityfoodbank,hascontinuedtoprovideapproximately£34,000 of
foodsuppliesasexpressionsoftheFather'slovetolocalfamilieswithcontinuedincreaseddemandfor its
services.Thishasonlybeenpossiblethroughthegenerosityofmembersofthepublicandlocal voluntary
groups who have given their money, time and energy to serve their community.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Full details of the results are shown in the financial statements that accompany this report.
```
```
Wearepleasedtoreportthechurchmembershavecontinuedtogivegenerouslyandenablethetrust to
meets its ministry commitments.
```
```
FundsavailablearesufficienttopermittheChurchtocontinueinoperationinthemediumterm. The
Trustees are satisfied that the charity is able to meet it's liabilities as they fall due.
```
## **`Investment policy and objectives`**
```
TheTrustDeedauthorisesthetrusteestomakeandholdinvestmentsusinggeneralfundsofthe Charity,
but no such investments are presently held.
```
## **`Reserves policy`**
```
ThepolicyoftheChurchistomaintainsufficientreserveswhich,intheopinionofthetrustees allows
themtocovermanagementandadministrationcostsandplanforthefollowingyearsgiving.Atthe year
end the general reserve funds were £66,507.
```
## **`FUTURE PLANS`**
```
AswelooktothefutureourmissioncontinuestobetotakeGod'spresence,loveandpowertoour local
community,ourregionandournationandouttothenationsthroughequippingandreleasingmen and
women into their God given identity purpose and calling.
```
```
Page 2
```
```
SEAFORD COMMUNITY CHURCH
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
TheChurchisgovernedbyaDeclarationofTrustdated20September1985(andDeedofVariation dated
20March1995)topromotetheadvancementoftheChristianFaitheitherintheUnitedKingdom or
overseas.
```
## **`Recruitment and appointment of new trustees`**
```
Thetrusteesnamedontheinformationpagehaveservedduringtheyear.Appointmentofthetrustees is
governedbytheTrustDeedoftheCharity.TheBoardoftrusteesisauthorisedtoappointnewtrustees to
fill vacancies arising through resignation or death of an existing trustee.
```
## **`Risk management`**
```
ThetrusteeshaveexaminedtheoperationalriskswhichtheCharityfacesandaresatisfiedthat the
systems currently in place are sufficient to enable such risks to be minimised.
```
```
Approved by order of the board of trustees on 19 October 2025 and signed on its behalf by:
```
```
Mr H W Bardsley - Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
```
```
SEAFORD COMMUNITY CHURCH
```
## **`Independent examiner's report to the trustees of Seaford Community Church`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofSeafordCommunityChurch (the
Trust) for the year ended 31 December 2024.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Mr J Greenslade FCCA
```
```
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
```
```
22 October 2025
```
```
Page 4
```
```
SEAFORD COMMUNITY CHURCH
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`77,848`**
`Investment income`
`3`
**`208`**
**`Total`**
**`78,056`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Worship and Training`
**`8,305`**
`Ministry and Mission`
**`36,163`**
`Seahaven Storehouse`
**`-`**
`Giving`
**`26,059`**
**`Total`**
**`70,527`**
**`NET INCOME/(EXPENDITURE)`**
**`7,529`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`58,978`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`66,507`**|`Restricted`
`funds`
`£`
**`50,982`**
**`-`**
**`50,982`**
**`1,910`**
**`-`**
**`35,283`**
**`-`**
**`37,193`**
**`13,789`**
**`127,792`**
**`141,581`**|**`2024`**
**`Total`**
**`funds`**
**`£`**
**`128,830`**
**`208`**
**`129,038`**
**`10,215`**
**`36,163`**
**`35,283`**
**`26,059`**
**`107,720`**
**`21,318`**
**`186,770`**
**`208,088`**|`2023`
`Total`
`funds`
`£`
`164,956`
`266`
`165,222`
`10,431`
`43,146`
`78,003`
`53,547`
`185,127`
`(19,905)`
`206,675`
`186,770`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 5
```
```
SEAFORD COMMUNITY CHURCH
```
## **`BALANCE SHEET 31 DECEMBER 2024`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`7`
**`22,354`**
**`CURRENT ASSETS`**
`Debtors`
`8`
**`4,355`**
`Cash at bank`
**`41,898`**
**`46,253`**
**`CREDITORS`**
`Amounts falling due within one year`
`9`
**`(2,100)`**
**`NET CURRENT ASSETS`**
**`44,153`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`66,507`**
**`NET ASSETS`**
**`66,507`**
**`FUNDS`**
`10`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`87,733`**
**`-`**
**`53,848`**
**`53,848`**
**`-`**
**`53,848`**
**`141,581`**
**`141,581`**|**`2024`**
**`Total`**
**`funds`**
**`£`**
**`110,087`**
**`4,355`**
**`95,746`**
**`100,101`**
**`(2,100)`**
**`98,001`**
**`208,088`**
**`208,088`**
**`66,507`**
**`141,581`**
**`208,088`**|`2023`
`Total`
`funds`
`£`
`116,432`
`4,515`
`67,923`
`72,438`
`(2,100)`
`70,338`
`186,770`
`186,770`
`58,978`
`127,792`
`186,770`|
|---|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
19 October 2025 and were signed on its behalf by:
```
```
Mr H W Bardsley - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
SEAFORD COMMUNITY CHURCH
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`1. STATUTORY INFORMATION`**
```
SeafordCommunityChurchisanunincorporatedcharity,registeredinEngland&Wales. The
charity'sregisterednumberandregisteredofficeaddresscanbefoundintheReportof the
Trustees.
```
## **`2. ACCOUNTING POLICIES`**
## **`BASIS OF PREPARING THE FINANCIAL STATEMENTS`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.
```
## **`INCOME`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
```
```
Voluntaryincomeisreceivedbywayofdonationsandgiftsandisincludedinfullinthe Statement
ofFinancialActivitieswhenreceivable.Thevalueofservicesprovidedbyvolunteershasnot been
included. No permanent endowments have been received in the period.
```
```
Income from investments is included in the year in which it is receivable.
```
## **`EXPENDITURE`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
havebeenallocatedtoactivitiesonabasisconsistentwiththeuseofresources.Direct charitable
expenditurearethosecostsincurreddirectlyonthefurtheranceandsupportoftheobjectsof the
charity.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
```
## **`TANGIBLE FIXED ASSETS`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```
```
Freehold property- 2% on cost
Musical Equipment- 20% on reducing balance
Fixtures and fittings- 20% on reducing balance
Computer equipment- 20% on reducing balance
```
## **`TAXATION`**
```
The charity is exempt from tax on its charitable activities.
```
## **`FUND ACCOUNTING`**
```
Generalfundsareunrestrictedfundswhichareavailableforuseatthediscretionofthetrustees in
furtheranceofthegeneralobjectivesofthecharityandwhichhavenotbeendesignatedfor other
purposes.
```
```
continued...
```
```
Page 7
```
```
SEAFORD COMMUNITY CHURCH
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`2. ACCOUNTING POLICIES - continued`**
## **`FUND ACCOUNTING`**
```
Designatedfundscompriseunrestrictedfundsthathavebeensetasidebythetrustees for
particularpurposes.Theaimanduseofeachdesignatedfundissetoutinthenotesto the
financialstatements.Restrictedfundsarefundswhicharetobeusedinaccordancewith specific
restrictionsimposedbydonorsorwhichhavebeenraisedbythecharityforparticular purposes.
Thecostofraisingandadministeringsuchfundsarechargedagainstthespecificfund.The aim
and use of each restricted fund is set out in the notes to the financial statements.
```
```
Investment income and gains are allocated to the appropriate fund.
```
## **`DONATED GOODS`**
```
Inordertoachieveourmissionthemembersofthechurcharehelpedandencouraged to
volunteertheirtime,money,giftingsandskillsaccordingtoeachperson’suniqueabilities and
circumstances.Allaspectsofchurchlifeandministrybothinternalandtothecommunityat large
are only achievable because of this voluntary serving.
```
```
Thefoodbankisrunbyvolunteersfromthechurchalongsidemembersofthepublicwhogive their
timeuptohelp.Donationsofmoneyandfoodcomefromthecommunityandmembersof the
church.
```
```
MinistrySchoolsarerunwiththehelpofteammemberswhooftenserveattheirown expense
giving their time and meeting their own financial costs.
```
```
Itisnotpossibletoquantifytheamountsofdonatedgoodsandservicesandthereforethese have
not been included in the accounts.
```
## **`3. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||
|---|---|---|
||**`2024`**|`2023`|
||**`£`**|`£`|
|`Bank interest`|**`208`**|`266`|
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024 nor
for the year ended 31 December 2023.
```
## **`TRUSTEES' EXPENSES`**
```
OnetrusteereceivedpaymentsforministerialservicesperformedfortheChurch.These payments
totalled £24,000 in the year to 31 December 2024.
```
```
TheaboveexpensesrelatetoservicestotheChurchotherthanthatofbeingtrustees. No
expenses have been reimbursed to trustees in relation to expenses incurred as trustees.
```
```
continued...
```
```
Page 8
```
```
SEAFORD COMMUNITY CHURCH
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`75,074`
`Investment income`
`266`
**`Total`**
`75,340`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Worship and Training`
`8,521`
`Ministry and Mission`
`43,146`
`Seahaven Storehouse`
`-`
`Giving`
`53,547`
**`Total`**
`105,214`
**`NET INCOME/(EXPENDITURE)`**
`(29,874)`
**`Transfers between funds`**
`5,205`
**`Net movement in funds`**
`(24,669)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`83,647`
**`TOTAL FUNDS CARRIED FORWARD`**
`58,978`|`Restricted`
`funds`
`£`
`89,882`
`-`
`89,882`
`1,910`
`-`
`78,003`
`-`
`79,913`
`9,969`
`(5,205)`
`4,764`
`123,028`
`127,792`|`Total`
`funds`
`£`
`164,956`
`266`
`165,222`
`10,431`
`43,146`
`78,003`
`53,547`
`185,127`
`(19,905)`
`-`
`(19,905)`
`206,675`
`186,770`|
|---|---|---|
## **`6. INDEPENDENT EXAMINER FEES`**
```
TheIndependentExaminer'sremunerationrepresentsthefeeforthepreparationand examination
of the accounts of £2,100 (2023: £2,820).
```
## **`7. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 January 2024 and`
`31 December 2024`
**`DEPRECIATION`**
`At 1 January 2024`
`Charge for year`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`|`Freehold`
`property`
`£`
**`206,948`**
**`101,548`**
**`4,139`**
**`105,687`**
**`101,261`**
`105,400`|`Musical`
`Equipment`
`£`
**`6,313`**
**`6,294`**
**`4`**
**`6,298`**
**`15`**
`19`|`Fixtures`
`and`
`fittings`
`£`
**`56,483`**
**`45,800`**
**`2,136`**
**`47,936`**
**`8,547`**
`10,683`|`Computer`
`equipment`
`£`
**`9,430`**
**`9,100`**
**`66`**
**`9,166`**
**`264`**
`330`|`Totals`
`£`
**`279,174`**|
|---|---|---|---|---|---|
||||||**`162,742`**
**`6,345`**|
||||||**`169,087`**|
||||||**`110,087`**|
||||||`116,432`|
```
continued...
```
```
Page 9
```
```
SEAFORD COMMUNITY CHURCH
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`7. TANGIBLE FIXED ASSETS - continued`**
```
Itisnotconsideredpracticalforavaluationofthefreeholdpropertytobeobtained.The trustees
consider that market value would not be lower than the net book value as shown above.
```
## **`8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Tax`
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other creditors`
**`10.`**
**`MOVEMENT IN FUNDS`**
`Net`
`movement`
`At 1/1/24`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
**`37,264`**
**`14,622`**
`Giving Fund`
**`7,607`**
**`(9,008)`**
`Ministry Fund`
**`2,204`**
**`(815)`**
`IPC Destiny`
**`11,054`**
**`(1,915)`**
`IPC Donations`
**`849`**
**`4,645`**
**`58,978`**
**`7,529`**
**`Restricted funds`**
`Seahaven Storehouse`
**`30,924`**
**`15,699`**
`Building Reserve`
**`89,643`**
**`(1,910)`**
`Ukraine`
**`7,225`**
**`-`**
**`127,792`**
**`13,789`**
**`TOTAL FUNDS`**
**`186,770`**
**`21,318`**|**`2024`**
**`£`**
**`4,355`**
**`2024`**
**`£`**
**`2,100`**
`Transfers`
`between`
`funds`
`£`
**`(14,010)`**
**`9,009`**
**`-`**
**`9,667`**
**`(4,666)`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|`2023`
`£`
`4,515`
`2023`
`£`
`2,100`
`At`
`31/12/24`
`£`
**`37,876`**
**`7,608`**
**`1,389`**
**`18,806`**
**`828`**|`2023`
`£`
`4,515`|
|---|---|---|---|
||||`2023`
`£`
`2,100`|
|||**`66,507`**
**`46,623`**
**`87,733`**
**`7,225`**||
|||**`141,581`**||
|||**`208,088`**||
```
continued...
```
```
Page 10
```
```
SEAFORD COMMUNITY CHURCH
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`10. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Giving Fund`
`Ministry Fund`
`IPC Destiny`
`IPC Donations`
**`Restricted funds`**
`Seahaven Storehouse`
`Building Reserve`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`53,978`**
**`2,381`**
**`-`**
**`17,052`**
**`4,645`**
**`78,056`**
**`50,982`**
**`-`**
**`50,982`**
**`129,038`**
|`Resources`
`expended`
`£`
**`(39,356)`**
**`(11,389)`**
**`(815)`**
**`(18,967)`**
**`-`**
**`(70,527)`**
**`(35,283)`**
**`(1,910)`**
**`(37,193)`**
**`(107,720)`**|`Movement`
`in funds`
`£`
**`14,622`**
**`(9,008)`**
**`(815)`**
**`(1,915)`**
**`4,645`**
**`7,529`**
**`15,699`**
**`(1,910)`**
**`13,789`**
**`21,318`**|
|---|---|---|---|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Giving Fund`
`Ministry Fund`
`IPC Destiny`
`IPC Donations`
**`Restricted funds`**
`Seahaven Storehouse`
`Building Reserve`
`Ukraine`
**`TOTAL FUNDS`**|`At 1/1/23`
`£`
`45,857`
`6,024`
`2,204`
`28,708`
`854`
`83,647`
`23,688`
`91,553`
`7,787`
`123,028`
`206,675`|`Net`
`movement`
`in funds`
`£`
`3,929`
`1,583`
`-`
`(40,045)`
`4,659`
`(29,874)`
`11,879`
`(1,910)`
`-`
`9,969`
`(19,905)`|`Transfers`
`between`
`funds`
`£`
`(12,522)`
`-`
`-`
`22,391`
`(4,664)`
`5,205`
`(4,643)`
`-`
`(562)`
`(5,205)`
`-`|`At`
`31/12/23`
`£`
`37,264`
`7,607`
`2,204`
`11,054`
`849`
`58,978`
`30,924`
`89,643`
`7,225`
`127,792`
`186,770`|
|---|---|---|---|---|
```
continued...
```
```
Page 11
```
```
SEAFORD COMMUNITY CHURCH
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`10. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Giving Fund`
`IPC Destiny`
`IPC Donations`
**`Restricted funds`**
`Seahaven Storehouse`
`Building Reserve`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`55,731`
`1,583`
`13,367`
`4,659`
`75,340`
`89,882`
`-`
`89,882`
`165,222`|`Resources`
`expended`
`£`
`(51,802)`
`-`
`(53,412)`
`-`
`(105,214)`
`(78,003)`
`(1,910)`
`(79,913)`
`(185,127)`|`Movement`
`in funds`
`£`
`3,929`
`1,583`
`(40,045)`
`4,659`
`(29,874)`
`11,879`
`(1,910)`
`9,969`
`(19,905)`|
|---|---|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|||`Net`|`Transfers`||
|---|---|---|---|---|
|||`movement`|`between`|`At`|
||`At 1/1/23`|`in funds`|`funds`|`31/12/24`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`45,857`|`18,551`|`(26,532)`|`37,876`|
|`Giving Fund`|`6,024`|`(7,425)`|`9,009`|`7,608`|
|`Ministry Fund`|`2,204`|`(815)`|`-`|`1,389`|
|`IPC Destiny`|`28,708`|`(41,960)`|`32,058`|`18,806`|
|`IPC Donations`|`854`|`9,304`|`(9,330)`|`828`|
||`83,647`|`(22,345)`|`5,205`|`66,507`|
|**`Restricted funds`**|||||
|`Seahaven Storehouse`|`23,688`|`27,578`|`(4,643)`|`46,623`|
|`Building Reserve`|`91,553`|`(3,820)`|`-`|`87,733`|
|`Ukraine`|`7,787`|`-`|`(562)`|`7,225`|
||`123,028`|`23,758`|`(5,205)`|`141,581`|
|**`TOTAL FUNDS`**|`206,675`|`1,413`|`-`|`208,088`|
```
continued...
```
```
Page 12
```
```
SEAFORD COMMUNITY CHURCH
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`10. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Giving Fund`
`Ministry Fund`
`IPC Destiny`
`IPC Donations`
**`Restricted funds`**
`Seahaven Storehouse`
`Building Reserve`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`109,709`
`3,964`
`-`
`30,419`
`9,304`
`153,396`
`140,864`
`-`
`140,864`
`294,260`|`Resources`
`expended`
`£`
`(91,158)`
`(11,389)`
`(815)`
`(72,379)`
`-`
`(175,741)`
`(113,286)`
`(3,820)`
`(117,106)`
`(292,847)`|`Movement`
`in funds`
`£`
`18,551`
`(7,425)`
`(815)`
`(41,960)`
`9,304`
`(22,345)`
`27,578`
`(3,820)`
`23,758`
`1,413`|
|---|---|---|---|
```
The purposes of the restricted and unrestricted funds are as follows:
```
```
Generalfund-theincomeisgeneratedfromregularplannedgivingforthefurtheranceof the
charity'sobjectivetopromotetheadvancementoftheChristianFaitheitherintheUnited Kingdom
oroverseas.Otherunrestrictedfundsareallocationsfromthegeneralfundforbudgeting and
future planning purposes.
```
```
Giving fund - for giving out of the general fund.
```
```
IPCDestinyfund-theidentificationofgiftaidtaxreclaimsarisingfromgeneralfundgivingand an
allocationoutofthegeneralfundtosupportlocal,nationalandinternationalministry activities.
Previously known as the Barnabas Ministries Fund.
```
```
IPCDonationsfund-forgivingarisingfromitinerantministryworkandexternal relationships.
Previously known as the Barnabas Ministries Giving Fund
```
```
Ministry fund - to support ministry and administration.
```
```
Buildingreservefund-Thefundrepresentstheimprovementsmadetothepremisesoccupied by
the church.
```
```
SeahavenStorehouse-Thefundisforthepurposeofprovidingfoodtothoseinneedinthe local
community.
```
```
Ukraine - The fund is for the purpose of supporting our ministry in Ukraine.
```
```
continued...
```
```
Page 13
```
```
SEAFORD COMMUNITY CHURCH
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`11. RELATED PARTY DISCLOSURES`**
```
Duringtheaccountingperiodthecharityhasreceiveddonationstotalling£10,803from individuals
that have acted as Trustees during the year ended 31 December 2024.
```
```
Page 14
```